You’re probably wondering which of all the dozen platforms out there is the best when buying and selling NFTs. Well, you came to the right place, we’ve got you covered. NFT or non-fungible tokens are unique, traceable, digital files that ensure you have proof of ownership for a particular file (it can be an image file, music, video, etc.).
Examples of NFTs are characters in games like Thetan Arena, Axie Infinity, Sandbox, Illuvium, and Decentraland. The characters players use in this game are digital items that can be sold and bought in NFT marketplaces (usually in the game’s own marketplace, but these games are starting to open up to different marketplaces like shown below). So, for these game characters, there is a level of rarity in them. If an NFT, or game character, is super rare, then there will most likely only be one copy in existence – which increases its value inside and outside of the game.
Another example is digital artwork. While there is no actual utility in these artworks that could sell anywhere from 0.5 Ethereum up to 10,000 Ethereum, art enthusiasts don’t care as long as they can collect, trade, and prove that they own those items. And rightly so, proof of ownership is inherent to NFTs.
So, are you interested to buy or sell NFTs? Check out below!
NFT Marketplaces to Check Out
1. OpenSea
They call it “The NFT marketplace with everything for everyone”. A marketplace where you can trade, buy and, sell NFTs. You can also use this platform to check out other new projects. Whether you’re a newbie or a tech-savvy person who knows all the knick and knacks, all the technical stuff has been simplified making OpenSea perfect for everyone.
With OpenSea, there are no gas fees, and you’ll only have to pay a 2.5% fee for every NFT sale.
Available blockchain networks:
2. SuperRare
SuperRare is an NFT marketplace for trading, buying, and selling single edition arts, which means that the arts created are unique and only one original copy exists. Each art is created by artists within their network and they are rewarded handsomely for it.
SuperRare charges 15% gallery fees for artists. That may look much, but compared to a conventional art gallery that charges around 30% to 50%, that 15% gallery fee from SuperRare sounds like a steal! Creators also receive 10% royalty for secondary sales. As for buyers, they would need to pay 3% fees to SuperRare.
Available blockchain network:
- Ethereum
3. Rarible
Similar to the other NFT marketplace mentioned above, Rarible allows users to easily trade, buy, and sell assets even if they have little to no experience. It is built on the Ethereum blockchain so rest assured that the security of transactions is safe, without needing a middleman.
Rarible charges 2.5% to both buyer and the seller for every sale made. The seller can also shoulder both fees for a total of 5%.
Available blockchain networks:
- Ethereum
- Flow
4. Mintable.app
In a nutshell, Mintable.app is a platform for trading NFTs and a smart contract utilizing the blockchain. This allows users to make any digital file an NFT which can then be sold to the marketplace without having to familiarize themselves with all the technical stuff.
Buyers will have a fee of 2.5% on normal NFTs, 5% on gasless NFTs, and 10% on printable NFTs.
Available blockchain network:
- Ethereum
5. The Sandbox’s Marketplace
In case you haven’t heard of The Sandbox, it is a game where people can buy and own virtual real estate called LANDS. On it, owners can create their own game or build whatever they have in mind. And The Sandbox has its own marketplace, which is the main topic today.
This NFT marketplace allows users to create, buy, and sell Voxel assets with SAND (Sandbox’s game currency) which they can use or showcase on their LAND (Plot of the area that they own in-game).
Transactions in this marketplace will require SAND as the main currency and ETH for the gas fees. A 5% fee will automatically apply on top of the amount that the owner decides to sell it. For example, selling a $100 asset will automatically appear on the marketplace for the price of $105, fees included.
Available blockchain network:
- Ethereum
NFTs are getting more and more popular, but it hasn’t reached their peak yet. It’s just getting started and opportunities are everywhere in this industry. People are constantly looking for “the next big thing” that will make them millionaires overnight, and some of them think that NFTs are the way to go. This is no financial advice though. Buy, sell, and invest at your own risk and never listen to anyone on the internet without doing thorough research.
